Some governments are very afraid of competition for their monetary system, which is why they are trying to ban cryptocurrencies in their countries. Smart governments do not prohibit, but lead cryptocurrencies.
Even if you pay attention to the United States, they without further ADO began to work with cryptocurrency, it is even accepted as collateral and confiscated from criminals currency is sold in favor of the Treasury and most importantly no prohibitions and bad speeches 
Topic: Why Government does not like crypto? (Read 15086 times)
Because crypto gives full authority and control overs holders asset. They could get nothing out of people who are into crypto since they are no longer needed. Third trusted party (banks or government) are being taken away out of the picture which means people could do transaction anytime and anywhere without intervention of anyone. This is why it's best to choose wallet that could us the full control over our funds like hardware wallet or open source wallet. I recommend Hodler wallet since it is the only full open source multiwallet, they also have hardware version of it. Crypto give us the freedom from anyone who wants to control our assets whose mainly the government.
The government does not want to give the financial sector to private organizations that they cannot control. Well, do not want to impose on themselves extra work.
That is truth! It is all about control. Governments want financial system that they can have powers over and blockchain technology and bitcoin takes this power from them. I know governments may never adopt cryptocurrencies or bitcoin that is decentralized because they will always want to have a system they can centralized.
Some governments are very afraid of competition for their monetary system, which is why they are trying to ban cryptocurrencies in their countries. Smart governments do not prohibit, but lead cryptocurrencies.
The government does not want to give the financial sector to private organizations that they cannot control. Well, do not want to impose on themselves extra work.
Cauze crypto harming and deleting their monopolization from the money sector. Besides the government cant control the money flow all over the world. If they control anything, they will lose their power.
I think the government doesn’t like cryptocurrency because of its anonymity. People will be able to make transactions without paying taxes. This is not like the government.
Taxes are not the only reason for banning cryptocurrencies. These include money laundering,financing of criminals and the purchase of drugs.
But these are only the reasons why States prohibit cryptocurrency.Everyone understands that the dollars and currencies of other countries bought a lot more prohibited things !
But these are only the reasons why States prohibit cryptocurrency.Everyone understands that the dollars and currencies of other countries bought a lot more prohibited things !
Because crypto holders do not pay taxes and this harms the governments budget. I think that in the nearest future, government would accept crypto currencies but they would regulate them and get their taxes for sure.
Government is banning cryptocurrency cos Crypto is taking that right of them been in control from them. And also those taxes are also scrapped out with Crypto
Government is protecting people from risk of cryptocurrency because cryptocurrency is a risk that we need to take if we enter it.So government doesn't want it because ot can affect the people so much.There are such things like scams and wrong moves on cryptocurrency that government need to avoid and not all countries and territories can access the cryptocurrency.
Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?
Lack of central authority is the main reason why government still not accepting cryptocurrency... They cant control all the transactions that are happening on blockchain.. Additional to this, they cant charge taxes on it.. Government can controls fiat currencies while bitcoin cant.. Government can dictate fiat currencies transactions while bitcoin/cryptocurrency cant.. Government can track criminial activities but not with blockchain.. Maybe this are only some reasons why government banned crypto... The only and main reason is regulation as without regulation govt did not get taxes from crypto traders or exchanges owners so fist they want to regularize the crypto currencies and then may be remove the ban.
I think Bitcoin is not a type of currency that can be set by one person or several groups because you can see for yourself a price that cannot be guessed by just a matter of time.
Quite a tricky topic.Actually still crypto is in its early phase>few months back only we celebrated 10 year completion.So it still has a long way to go.It will take time to mature and become accepted by people.Governments has yet to take many measures to implement regulations and it will take some time.Moreover the money laundering issue has been on of the prime reason.
The only and main reason is regulation as without regulation govt did not get taxes from crypto traders or exchanges owners so fist they want to regularize the crypto currencies and then may be remove the ban.
I think Bitcoin is not a type of currency that can be set by one person or several groups because you can see for yourself a price that cannot be guessed by just a matter of time.
Because crypto is decentralized, no one cannot control the price, sometimes it rises sharply and sometimes it drops to worthless. And the government cannot get taxes from crypto traders every time a transaction is made.
but it seems that now there are many cryptos that are legal in several countries with government regulations in the country.
but it seems that now there are many cryptos that are legal in several countries with government regulations in the country.
The only and main reason is regulation as without regulation govt did not get taxes from crypto traders or exchanges owners so fist they want to regularize the crypto currencies and then may be remove the ban.
Strange situation with this case. Because now you can take and use the tremendous opportunities to improve the system for controlling finances so that there is no corruption and any such thing. But no, we do not.
No, it is not what you think. We need to educate the government ao that they could apply this technology but mind you that not all will going to accept this trend because this will represent transparency of transaction through block chain technology. The corrupt politician will definitely against with it.
Anyway, the best thing is that cryptocurrency manage to operate with or without government's watch.
Anyway, the best thing is that cryptocurrency manage to operate with or without government's watch.
It seems that the government is not hating but they themselves are still learning about cryptocurrency whether it is suitable or not to do legality in the country as many countries actually have not given an attitude
you are right, now many countries already know about the development of cryptocurrency but they themselves are still making studies regarding the use of crypto in their countries. because the use of crypto will obviously have a positive and negative impact on the economy of a country. Jump to: